Posted on Feb. 2021 at 11:51
The health crisis did not stop the sale of his company. This founder and now former SME manager signed the sale of her company in mid-October 2020, specializing in tailor-made accessories for major beauty brands, and officially forwarded it to the buyer on December 31.
After having increased, in ten years, the turnover of her company from 800,000 euros to 6 million euros, the priorities of this thirty-something (who prefers to remain anonymous) had become more family-oriented. But there was no question of selling at any price. ” The valuation of the company was justified because it was in excellent financial health », She emphasizes. However, in the spring, the buyer, met for the first time shortly before the first confinement, did not hesitate to play on the Covid rope. ” I had to review my expectations in April and drop 10% of the sale price in earn out », Confides the business manager.
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